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Oct 15, 2026 · in 14 days
Judicial (Chancery Court) sale process run at the county level.
Inherited from Tennessee rather than researched for Franklin: type, redemption, returns, statute, notes.
| Parcel | Address | Opening bid | Assessed | Spread | Status |
|---|---|---|---|---|---|
| 01-075 F -A -075 F -003.00- -000 | 7th Ave Sw 511 | $331 | — | — | pending |
| 01-065 N -J -065 N -015.00- -000 | 3rd Ave Se 209 | $978 | — | — | pending |
Spread is not profit.It compares the opening bid to the county's assessed value, which is not market value — T.C.A. § 67-5-801 and Tenn. Const. art. II, § 28: residential and farm property is assessed at 25% of value, industrial and commercial at 40%, public utility at 55%. This entry uses the 25% residential rate. Open a parcel to run the full max-bid analysis, which accounts for the assessment ratio, surviving liens, quiet title, and holding costs.